Budget 2023: Outstanding government guarantees at 17.8% of GDP

PETALING JAYA: Total outstanding government guarantees (GG) as at end-2022 was estimated at RM317.6bil or 17.8% of GDP (2021:RM310.4bil, 20.1%).

The GG were for issuances by companies like Danainfra Nasional Bhd, Prasarana Malaysia Bhd and Malaysia Rail Link Sdn Bhd (MRL) and meant to finance ongoing public transport infrastructure projects, finance housing loan facility for civil servants, PTPTN to fund education loans as well as Felda's restructuring and rehabilitation exercise.